Logic Vehicle Solutions Ltd

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logic vehicle solutions ltd Company Information

Live

MatureMicroDeclining

Company Number

05149534

Website

www.logicvehiclesolutions.com

Registered Address

590a kingsbury road, erdington, birmingham, B24 9ND

Industry

Maintenance and repair of motor vehicles

Telephone

Next Accounts Due

June 2024

Group Structure

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Directors

Paul Bird20 Years

Shareholders

paul steven bird 100%

logic vehicle solutions ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of LOGIC VEHICLE SOLUTIONS LTD at £1.7m based on Net Assets of £618.1k and 2.79x industry multiple (adjusted for liquidity).

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Logic Vehicle Solutions Ltd is a live company located in birmingham, B24 9ND with a Companies House number of 05149534. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in June 2004, it's largest shareholder is paul steven bird with a 100% stake. Logic Vehicle Solutions Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £97.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Logic Vehicle Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £97.4k, make it smaller than the average company (£335.1k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.4%)

EXPORT

Logic Vehicle Solutions Ltd's latest turnover from September 2022 is estimated at £97.4 thousand and the company has net assets of £618.1 thousand. According to their latest financial statements, Logic Vehicle Solutions Ltd has 4 employees and maintains cash reserves of £612.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	97,368	96,337	105,230	110,575	3,217,752	3,850,735	3,704,207	55,323	63,948	28,121	29,142	51,452	69,279	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	62,958	62,351	65,964	68,067	1,938,062	2,261,015	2,204,273	33,228	37,538	16,536	16,949	29,410	39,073	0
Gross Profit	34,410	33,987	39,266	42,508	1,279,691	1,589,719	1,499,934	22,094	26,410	11,585	12,193	22,041	30,205	0
Admin Expenses	95,558	26,675	-3,178	-104,251	1,296,229	1,489,508	1,448,218	-23,097	-15,210	-76,936	19,154	-71,288	257,123	-581,741
Operating Profit	-61,148	7,312	42,444	146,759	-16,538	100,211	51,716	45,191	41,620	88,521	-6,961	93,329	-226,918	581,741
Interest Payable	0	0	0	0	0	0	0	0	0	0	1,269	1,269	0	0
Interest Receivable	14,165	635	604	2,193	0	0	549	2,135	1,922	1,585	1,509	1,315	602	95
Pre-Tax Profit	-46,983	7,947	43,048	148,952	-16,538	100,211	52,265	47,326	43,542	90,106	-6,721	93,376	-226,316	581,836
Tax	0	-1,510	-8,179	-28,301	0	-19,040	-10,453	-9,465	-9,144	-20,724	0	-24,278	0	-162,914
Profit After Tax	-46,983	6,437	34,869	120,651	-16,538	81,171	41,812	37,861	34,398	69,382	-6,721	69,098	-226,316	418,922
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-46,983	6,437	34,869	120,651	-16,538	81,171	41,812	37,861	34,398	69,382	-6,721	69,098	-226,316	418,922
Employee Costs	93,679	97,568	99,686	110,140	1,063,352	1,253,774	1,056,278	26,574	26,482	26,304	24,511	23,810	23,577	0
Number Of Employees	4	4	4	4	38	47	40	1	1	1	1	1	1	0
EBITDA*	-53,104	16,952	53,609	159,894	-16,538	100,211	51,716	45,191	41,620	88,521	-6,961	93,329	-226,918	581,741

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	45,582	53,626	63,266	74,431	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	45,582	53,626	63,266	74,431	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	1,500	1,500	1,500	1,500	0	0	0	3,000	3,000	3,000	3,500	6,410	9,800	10,500
Trade Debtors	608	608	988	1,114	552,267	565,808	477,505	624	800	1,400	800	2,800	4,894	2,841
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	612,723	646,431	622,733	584,858	0	0	0	439,216	414,728	353,967	280,224	323,314	202,781	38,113
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	614,831	648,539	625,221	587,472	552,267	565,808	477,505	442,840	418,528	358,367	284,524	332,524	217,475	51,454
total assets	660,413	702,165	688,487	661,903	552,267	565,808	477,505	442,840	418,528	358,367	284,524	332,524	217,475	51,454
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,143	4,118	5,440	7,114	49,198	46,201	39,069	24,328	27,898	5,140	6,940	5,898	820	2,294
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	39,127	32,921	24,358	30,969	0	0	0	21,788	31,767	28,762	22,501	25,782	23,949	30,138
total current liabilities	42,270	37,039	29,798	38,083	49,198	46,201	39,069	46,116	59,665	33,902	29,441	31,680	24,769	32,432
loans	0	0	0	0	0	0	0	0	0	0	0	39,040	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	39,040	0	0
total liabilities	42,270	37,039	29,798	38,083	49,198	46,201	39,069	46,116	59,665	33,902	29,441	70,720	24,769	32,432
net assets	618,143	665,126	658,689	623,820	503,069	519,607	438,436	396,724	358,863	324,465	255,083	261,804	192,706	19,022
total shareholders funds	618,143	665,126	658,689	623,820	503,069	519,607	438,436	396,724	358,863	324,465	255,083	261,804	192,706	419,022

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-61,148	7,312	42,444	146,759	-16,538	100,211	51,716	45,191	41,620	88,521	-6,961	93,329	-226,918	581,741
Depreciation	8,044	9,640	11,165	13,135	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,510	-8,179	-28,301	0	-19,040	-10,453	-9,465	-9,144	-20,724	0	-24,278	0	-162,914
Stock	0	0	0	1,500	0	0	-3,000	0	0	-500	-2,910	-3,390	-700	10,500
Debtors	0	-380	-126	-551,153	-13,541	88,303	476,881	-176	-600	600	-2,000	-2,094	2,053	2,841
Creditors	-975	-1,322	-1,674	-42,084	2,997	7,132	14,741	-3,570	22,758	-1,800	1,042	5,078	-1,474	2,294
Accruals and Deferred Income	6,206	8,563	-6,611	30,969	0	0	-21,788	-9,979	3,005	6,261	-3,281	1,833	-6,189	30,138
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-47,873	23,063	37,271	670,131	0	0	-439,665	22,353	58,839	72,158	-4,290	81,446	-235,934	437,918
Investing Activities
capital expenditure	0	0	0	-87,566	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-87,566	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	-39,040	39,040	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	100	0	0	-100	0	0	0	0	0	0	100
interest	14,165	635	604	2,193	0	0	549	2,135	1,922	1,585	240	46	602	95
cash flow from financing	14,165	635	604	2,293	0	0	449	2,135	1,922	1,585	-38,800	39,086	602	195
cash and cash equivalents
cash	-33,708	23,698	37,875	584,858	0	0	-439,216	24,488	60,761	73,743	-43,090	120,533	164,668	38,113
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-33,708	23,698	37,875	584,858	0	0	-439,216	24,488	60,761	73,743	-43,090	120,533	164,668	38,113

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LOGIC VEHICLE SOLUTIONS LTD group structure

Logic Vehicle Solutions Ltd has no subsidiary companies.

Ultimate parent company

LOGIC VEHICLE SOLUTIONS LTD

05149534

LOGIC VEHICLE SOLUTIONS LTD Shareholders

paul steven bird

100%

Logic Vehicle Solutions Ltd currently has 1 director, Mr Paul Bird serving since Jun 2004.

officer	country	age	start	end	role
Mr Paul Bird	England	54 years	Jun 2004	-	Director

P&L

September 2022

turnover

97.4k

+1%

operating profit

-61.1k

gross margin

35.4%

+0.17%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

618.1k

-0.07%

total assets

660.4k

-0.06%

cash

612.7k

-0.05%

net assets

Total assets minus all liabilities

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company number

05149534

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

June 2004

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

tracksalive limited (December 2004)

incorporated

address

590a kingsbury road, erdington, birmingham, B24 9ND

last accounts submitted

September 2022

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to logic vehicle solutions ltd.

logic vehicle solutions ltd Company Information

logic vehicle solutions ltd Estimated Valuation

logic vehicle solutions ltd Estimated Valuation

logic vehicle solutions ltd Estimated Valuation

Logic Vehicle Solutions Ltd Overview

Logic Vehicle Solutions Ltd Health Check

LOGIC VEHICLE SOLUTIONS LTD financials

logic vehicle solutions ltd Credit Report and Business Information

Logic Vehicle Solutions Ltd Competitor Analysis

logic vehicle solutions ltd Ownership

logic vehicle solutions ltd directors

logic vehicle solutions ltd company details

logic vehicle solutions ltd Charges & Mortgages

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